Financial Accounting Standards Board

social and environmental issues in their business transactions, operations and how they interact with stakeholders. If one were looking to review both concepts, one would simply read a company’s corporate mission and value statement. Lincoln Financial Group (LFG) is a company that proudly boasts their core values for review by shareholders and stakeholders alike. This paper will provide an in-depth review of both concepts…

The Public Company Accounting Oversight Board (“PCAOB”) was established by congress in 2002 to oversee auditors of public companies. The law stipulates that the PCAOB inspect auditor firms’ performances and their quality control systems regularly to make sure they follow the standards that the PCAOB set up. For the auditors of public companies, the PCAOB implements a risk-based approach to assess audit engagements. The inspection uses high-risk samples to evaluate an auditing firm instead of…

integration of both national and world economy, an absence of a unified and well transparent system of financial reporting will distort investment across national boundaries (Beke, 2010; Epstein, 2009; Meeks and Swann, 2009). Comparatively,…

organization that has just started to adopt the IFRS would be considering the sort of impact that it would be having on its financial reporting. However, equally important is to understand the sort of impact it is going to have and the tax liability of the organization. Thus it is important to look and understand what sort of impact the IFRS is going to have as far as the tax accounting is concerned. This paper would also seem to look at the way how the income tax calculation would be affected…

By: 309714 Unit title: Hospitality Accounting 1 Unit leader: Mr. Matthias Pfeiffer Unit Code: 33HA9001 Abstract This report gives an in depth analysis of what depreciation is and why is it used by various business firms. It also reflects on the different types of methods used to determine the depreciation and how it impacts on various financial statements/accounts like cash flow, profit and loss and assets. Table of contents Abstract 1. Introduction 2. What is…

In these questionable times, with all the changing directions of how cases are submitted, gotten and handled by Insurance Carriers, it can be very overpowering fiscally. The most widely recognized inquiries asked are... Am I gathering the most extreme sum conceivable? How would I know I am gathering however much as could be expected? In what capacity would I be able to build my income? Maybe a Medical Billing Service could answer these inquiries and quiet the apprehension that is connected with…

In terms of analyzing the financial crisis, most of the researches had been done based on the traditional critical discourse analysis. Bickes, Otten and Weymann (2014) concentrate on the instances of metaphorical language in the news coverage of three international news magazines to investigate how these three media present the crisis differently. Fonseca and Ferreira (2015) adopted the Critical Discourse Analysis to explore the discursive legitimation strategies adopted by Portuguese government…

concern issue to how it affects auditors and the challenges that auditors risk in issuing a going concern or not. As Bor-Yi and Sean Chen focus on this article “is to present the relevant issues surrounding the topic of the going concern assumption in financial reporting and auditing.” Bor-Yi and Sean Chen started their article by talking about that the going concern assumption has been under review for the past decade due to many businesses going bankrupt these last ten years such as General…

the tax disclosure between the two chosen companies. Firstly, the arrayed information on tax in the financial reports are more comprehensively done by Magnum compared to LBB. This is because the information and computation for the taxation in Magnum was more detailed and divided into several computations such as major components of income tax expense, reconciliation between tax expense and accounting profit and…

toward convergence of existing U.S. standards not included in the convergence project to IFRS. This, according to Beswick, would ensure that existing guidance was appropriate for U.S. companies on a standard to- standard basis; when the IASB would issue new standards, FASB would decide whether to adopt them. As described in a May 2011 SEC staff paper, Work Plan for the Consideration of Incorporating International Financial Reporting Standards into the Financial Reporting System for U.S. issuers:…